"The order book visibility for tolling contracts for the next three-five years is good. This includes Mumbai and Delhi entry points. While under hybrid annuity model (HAM), the company has an order book of Rs 83,00 crore," said Jayant Mhaiskar, Chairman and Managing Director, MEP Infrastructure Developers.

The engineering, procurement, and construction (EPC) revenues in FY19 could be around Rs 1,500-1,600 core, he said.

With regards to consolidated debt, he said the company has debt on the special purpose vehicles (SPV) and a moderate amount on holding company for working capital, amounting to around Rs 3,000 crore.

He said, as of now, the company is not looking to get in foreign institutional investors (FPI), although the company has an enabling resolution for FPI investment up to 100%.

The company is looking at financial closure process for four HAM projects.

MEP Infrastructure Developers reported a strong fourth quarter performance year-on-year basis.

The year-on-year revenues were up at Rs 776 crore against Rs 432 crore and profit after tax was up Rs 26 crore against Rs 12 crore.

However, the year-on-year Earnings before interest, taxes, depreciation, and amortization (EBITDA) was down at Rs 245 crore against Rs 301 crore and margins were down at 31.5% against 69.9%.